HOLLEY NAVARRE WATER SYSTEM INC BALANCE SHEET

Transcription

1 BALANCE SHEET January 2018 CURRENT ASSETS Regions Operating Petty Cash Regions - Customer Water Deposits Regions - Customer Sewer Deposits Regions - Checking Regions - Investments Hancock Bank - HNWS14 Bond Fund Regions - Time Deposit Accounts Receivable Unbilled Accounts Receivable Accounts Receivable - Taps Notes Receivable - FRUS Capital Contribution - Fairpoint Due From Fairpoint Due From The Club At Hidden Creek Allowance for Bad Debt Materials Inventory Deposits Prepaid Insurance Prepaid Expenses ASSETS 2,382, , , ,000, ,139, , , , , , , , , , (25,000.00) 267, , , , TOTAL CURRENT ASSETS 9,455, OTHER ASSETS Land 2,071, Water Distribution System 23,965, Utility Plant Water 500, Utility Plant Water Facility 11, Sewer Facility 47,168, Office and Storage Buildings 657, Improvements O/T Buildings 261, Office Equipment 188, Equipment 1,941, Telemetry 233, Trucks 1,501, Investment in THE CLUB AT HIDDEN CREEK 4,472, CIP - Hwy 87 L-S Upgrade 10, CIP - Warehouse #2 Storage 48, CIP - Panhandle Trail L/S Relocation 1, CIP - Main Office Expansion 14, CIP W Master Plan 26, CIP WW Master Plan 2, CIP W Model Project 10, CIP WW Model Project 99, CIP - Navarre Beach 24, CIP - Highway 399 Connection 6, CIP - Reuse Capacity 21, CIP - Inflow & Infiltration 41, /1/2018 8:16:15 AM Balance Sheet - Standard Page 1

2 CIP - SR 87 Booster Station & GST CIP - Eglin Reuse/RIBS CIP - Gulf Breeze Reuse CIP - General Lift Station Upgrades CIP - General Water Line Upgrades CIP - General Sewer Line Upgrades CIP - FDOT Hwy 98 Widening -Water CIP - FDOT Hwy 98 Widening -Sewer CIP - General WWTP Upgrades Debt Issue Costs Loan Discount Bond Issue Costs Accum Amort - Bond Issue Costs Accum Amort - Bond Discount Accumulated Depreciation Pension Liability - Current Portion 130, , , , , , , , , (25,876.73) (9,333.12) (28,074,700.97) (314,536.00) TOTAL OTHER ASSETS 55,539, TOTAL ASSETS 64,995, /1/2018 8:16:15 AM Balance Sheet - Standard Page 2

3 CURRENT LIABILITIES Accounts Payable Accrued Taxes Accrued Compensated Absences Employee Deduction - Life Insurance Accrued Interest Payable LIABILITIES 326, , , (74.76) 68, TOTAL CURRENT LIABILITIES 680, LONG-TERM LIABILITIES Water Deposits 381, Sewer Deposits 220, Net Pension Obligation 4,894, Lease Payable - Regions Bank 1,548, Loan Payable - CTA 6,560, TOTAL LONG-TERM LIABILITIES 13,604, TOTAL LIABILITIES 14,285, Contri-aid-Construction Water Contri-aid-Construction Sewer Accum Amort - Construction Membership Certificates Contributed Capital Capital Federal Grant Unfunded Pension Liability Retained Earnings Year-to-Date Earnings CONTRIB/PROPRIETARY CAPITAL 21,079, ,996, (19,645,372.11) 271, , , (4,848,746.92) 16,167, , TOTAL CONTRIB/PROPRIETARY CAPITAL 50,709, TOTAL LIABILITIES & CONTRIB/PROPRIETARY CAPITAL 64,995, /1/2018 8:16:15 AM Balance Sheet - Standard Page 3

4 INCOME STATEMENT Month-to-Date Only, January month back, Consolidated by account REVENUE Taps - Water Water Sales Penalties Disconnect Fees NSF Fees Service Charge - Water Handling Fees Recovery of Bad Debt Interest Income Misc Revenue - Water Reimbursement From FRUS Taps - Sewer Wastewater Sales Misc Revenue - Wastewater 1 Month Ended January 31, , % 405, % 5, % 1, % 1, % 6, % % % 1, % % 24, % 33, % 376, % (934.43) -0.1 % TOTAL REVENUE 887, % ****** TOTAL REVENUE 887, % ****** GROSS PROFIT 887, % EXPENSES GENERAL & ADMINISTRATIVE EXPENSE Wages 212, % Payroll Taxes 13, % Contract Labor 12, % Group Insurance 62, % Other Taxes/License/Dues % Computer Expense 6, % Supplies % Utilities 2, % Repairs & Maintenance % Vehicle Expense % Education & Training % Travel Expense % Office Equipment % Office Expense 14, % Postage 12, % 3/1/2018 8:13:07 AM MTD Standard Income Statement Page 1

5 1 Month Ended January 31, 2018 Insurance Expense 19, % Legal Expense 3, % Engineering Expense 4, % Bad Debt 2, % Bank Charges 2, % Bond Issue-Administrative Fees 1, % Professional Services 10, % Interest Expense 26, % Misc Expense 2, % CASH OVER/SHORT % TOTAL GENERAL & ADMINISTRATIVE EXPENSE 411, % DEPRECIATION & AMORTIZATION EXPENSE Amortization Expense Depreciation Expense (111,859.58) % 184, % TOTAL DEPRECIATION & AMORTIZATION EXPENSE 72, % WATER EXPENSE Supplies 1, % Tools % Utilities 8, % Chemicals 1, % Repairs & Maintenance 10, % Vehicle Expense 2, % Vehicle/Equipment Gas Expense 2, % Water Testing 1, % Water Purchases 112, % Water Operations Expense % Engineering - MESI % Engineering - System 1, % Misc Expense 2, % Uniform Expense % TOTAL WATER EXPENSE 146, % WASTEWATER EXPENSE Supplies 3, % Tools % Utilities 36, % Chemicals - HBTS 1, % Chemicals - HWWTP % Polymers 2, % Repairs & Maintenance 46, % Sludge Removal Expense - HBTS 7, % Vehicle Expense % Vehicle/Equipment Gas Expense 2, % Wastewater Testing - HBTS 4, % Wastewater Testing - HWWTP 1, % Plant Operations Expense - HBTS % Engineering - MESI 1, % 3/1/2018 8:13:07 AM MTD Standard Income Statement Page 2

6 Engineering - System Misc Expense 1 Month Ended January 31, , % 1, % TOTAL WASTEWATER EXPENSE 113, % TOTAL EXPENSES 743, % ****** OPERATING INCOME/LOSS 143, % ****** 143, % ****** NET INCOME/LOSS 143, % 3/1/2018 8:13:07 AM MTD Standard Income Statement Page 3